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Interim Budget 2014-15: Highlights

-Outlook Following are the highlights of interim budget 2014-15: Income tax rates kept unchanged 10 pc surcharge on 'super-rich' having annual income above Rs 1 crore to continue 10 pc surcharge on domestic corporates with income of Rs 10 crore Foodgrain production estimated at 263 million tonnes in 2013-14 Fiscal deficit at 4.6 pc in 2013-14...

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Migration back to villages-Devinder Sharma

-DNA The government's lack of focus on agriculture shows its lopsided priorities. In the coming months, about 1.5 crore farmers who quit agriculture in the past seven years, are likely to trudge back into the villages. In normal circumstances such a massive reverse migration - from the cities back to the villages - would have been a sign of inclusive growth. But economists are taking this U-turn as a sign of...

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Record 263.2 Million Tonne Foodgrain Production Likely this Year

-Press Information Bureau (Ministry of Agriculture) India is likely to produce record 263.2 million tonne foodgrains this year (includes kharif 2013 and rabi crops in the field at present). The earlier foodgrain production record of 259.3 MT was achieved in 2011-12. As per the latest crop sowing data available, major crops have been sown in more area than in rabi last year. Wheat has been sown in 315.3 lakh hectare...

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Save the farmer -Devinder Sharma

-Deccan Herald Between 2005 and 2010, 140 lakh people were displaced from agriculture and 57 lakh jobs were lost in the manufacturing sector. With a bountiful monsoon and a record foodgrain production, agriculture is going to be the saviour of the Indian economy in 2013-14. At a time when there is an all around doom and gloom -- industrial output failing to keep pace, manufacturing sector refusing to look up, joblessness growing,...

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Grain glut -Jyotika Sood

-Down to Earth India faces a surplus of foodgrains. Is exporting a good option? With India's grain mountain set to implode, the government is desperate to push the exports of rice and wheat. However, a global glut and the resulting depression of prices are dimming the prospects of Foodgrain Exports. According to the Food Corporation of India (FCI), the nodal agency for grain trade in the country, India is sitting on 34 million...

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